{"id":77545,"date":"2023-05-22T01:02:26","date_gmt":"2023-05-22T01:02:26","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/"},"modified":"2023-05-22T01:02:26","modified_gmt":"2023-05-22T01:02:26","slug":"uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/","title":{"rendered":"UAE\u2019s Aldar raises USD 500 mn in 4x overscribed debut green bond issuance"},"content":{"rendered":"

<\/a> Aldar pulls trigger on debut green bond issuance: <\/strong>Abu Dhabi\u2019s Aldar Investment Properties (AIP) \u2014 a unit of Aldar Properties \u2014 has raised USD 500 mn through its debut 10-year inaugural green sukuk, it said in a disclosure to the ADX (pdf)<\/a> on Thursday. The issuance comes under its Green Finance Framework, which focuses on investments in sustainable projects such as green buildings, property development to improve energy efficiency, and renewable energy sources.<\/p>\n

The details: <\/strong>The 10-year sukuk was priced at a 4.875% coupon rate and is among the highest price tightening of any corporate issuance this year, according to disclosure. The issuance was 4x oversubscribed securing local, regional, and international investors with order books topping USD 2.3 bn.<\/p>\n

All part of a sustainability push: <\/strong>The issuance comes under a USD 2 bn financing program by the AIP to back its growth agenda and sustainability track, and is in line with the UAE\u2019s net zero ambitions by 2050 and AIP\u2019s plan to become a net zero carbon firm by 2050. Proceeds from the sukuk will be used in accordance with Aldar\u2019s Green Finance Framework to finance green initiatives and acquisitions, it added.<\/p>\n

Advisors: <\/strong>HSBC and Standard Chartered Bank are acting as joint global coordinators, while Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, and Mashreq are acting as joint lead managers and joint bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aldar pulls trigger on debut green bond issuance: Abu Dhabi\u2019s Aldar Investment Properties (AIP) \u2014 a unit of Aldar Properties \u2014 has raised USD 500 mn through its debut 10-year inaugural green sukuk, it said in a disclosure to the ADX (pdf) on Thursday. The issuance comes under its Green Finance Framework, which focuses on […]<\/p>\n","protected":false},"author":1,"featured_media":77546,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,49,153,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-green-sukuk","tag-uae","wpautop","entry"],"acf":{"mongo_id":"9fd09855-e3e2-415a-9f8f-4f57263a37b4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/148.jpg","photo_position":"above","related_issue":[77523],"teaser":"","voice_url":""},"yoast_head":"\nUAE\u2019s Aldar raises USD 500 mn in 4x overscribed debut green bond issuance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Aldar raises USD 500 mn in 4x overscribed debut green bond issuance\" \/>\n<meta property=\"og:description\" content=\"Aldar pulls trigger on debut green bond issuance: Abu Dhabi\u2019s Aldar Investment Properties (AIP) \u2014 a unit of Aldar Properties \u2014 has raised USD 500 mn through its debut 10-year inaugural green sukuk, it said in a disclosure to the ADX (pdf) on Thursday. 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